Deals
CNPC Said Near Buying Petrobras Assets for Over $2 Billion
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China National Petroleum Corp., the country’s largest oil producer, is nearing an agreement to buy Petroleo Brasileiro SA’s assets in Peru for more than $2 billion, said three people with knowledge of the matter.
The proposed deal may be announced as soon as next month, said one of the people, who asked not to be identified because the talks are private.